Lucía Peña
A trader on Hyperliquid, a decentralized perpetual swaps platform, secured an impressive $7 million profit in just 24 hours after strategically opening a leveraged long position ahead of Donald Trump’s crypto reserve announcement on Sunday morning.
According to blockchain data, the trader deposited $5.6 million USDC into Hyperliquid, utilizing 50x leverage to take large long positions on Bitcoin (BTC) and Ethereum (ETH). This aggressive strategy expanded their total position size to over $200 million, drawing attention from blockchain analysts monitoring high-risk trades.
In the early hours of Sunday, Ethereum’s price dipped, putting the trader’s leveraged position at risk of liquidation. At approximately 9:37 AM, ETH needed to fall just $54 more for the position to be liquidated, which would have resulted in a $2 million loss.
However, at 10:00 AM, Trump’s announcement of a Crypto Strategic Reserve sent crypto prices soaring, instantly reversing the downward trend. Seizing the opportunity, the trader continued adding to their long positions throughout the morning before closing their trades—locking in $7 million in profits, according to HypurrScan.
Missed Opportunity for Even Bigger Gains
Had the trader held onto their positions longer, the profits could have been even greater. Later that day, Trump clarified that BTC and ETH would be included in the planned Crypto Strategic Reserve, causing another surge in their prices.
The broader market responded strongly to Trump’s statement. Bitcoin climbed nearly 9% in the last 24 hours, according to PRIME’s Bitcoin Price page. However, Cardano (ADA)—which was specifically mentioned in the announcement—saw the largest rally, spiking 58% in the same period.
